NVMe Over Fiber Channel Market 2021 Development Status, Competition Analysis, Type and Application 2031

The demand for NVMe over fiber channel is expected to top US$ 30.36 Bn in 2021. As per Future Market Insights (FMI) analysis, the market will register impressive growth at 23.7% CAGR between 2021 and 2031, as enterprises around the world exhibit higher demand for NVMe over fiber channel.

Newly released data on NVMe over fiber channel market indicates a 22% y-o-y growth in 2021. NVMe SSD will continue to have the largest market share among product types. Growth in the segment is expected to unfold at a little below 30% CAGR over the course of the assessment period.

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Key Points Covered in NVMe over Fiber Channel End-user Survey

  • Market Estimates and Forecast 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on NVMe over Fiber Channel and How to Navigate
  • Recommendation on Key Winning Strategies
nvme over fiber channel market key regions and end user mekko chart 2021

2016-2020 NVMe over Fiber Channel Demand Outlook Compared to 2021-2031 Forecast

The global NVMe over fiber channel market size is expected to rise at a CAGR of 23.7% during the forecast period 2021-2031, in comparison to 20.8% CAGR registered between 2021 and 2031.

Initially, traditional SSDs were used more commonly across various applications. However, with the introduction of NVMe SSD, there has been a huge rise in switch towards NVMe SSDs. One of the major differences between SSDs and NVMe SSDs is that traditional SSDs store data with the help of integrated circuits whereas, NVMe is an interface used to access the data which is stored, at a much higher speed.

NVMe is more progressive than SSDs. It is therefore better encrypted and faster than the traditional SSDs.  Consequently, the high demand for NVMe SSD are expected to drive the growth of the market on a global scale. The global market valuation is anticipated to reach over US$ 255.64 Bn by 2031.

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Which Growth Strategies are Highly Sought-after among NVMe over Fiber Channel Providers?

Companies operating in the market are delivering NVMe compatible products and solutions proactively, to help end users maneuver through the ever-changing requirements.

With the technological advancements in NVMe, there has been a rise in use of NVMe technologies in SSDs, servers, and storage appliances. Companies have been working with software development teams to cater to their demand for customization, aimed at meeting their frequently-changing industry specific requirements.

Competitive Landscape

Companies offering NVMe over fiber channel are aiming at innovation and strategic partnerships with other software vendors in order to expand their portfolios while addressing the demand of an expanding customer pool.

Introduction of new solutions and services and strategic partnerships are key strategies adopted by the top players in the NVMe over fiber channel landscape. Solid investments are being made in research and development segment by the global players in the market which is expected to provide substantial market developments.

  • For instance, in 2020, Intel Corporation has invested 13.6 Bn on the research and development initiatives accounting for 17.4% of the total revenue. The research and development investments are focused on process technology, PC and data-centric businesses, and advancements in 5G technology
The inclination of established players in the market happens to be towards the development of advanced memory technologies to fulfill specific requirements of the customers, cultivating the demand for innovative and advanced products in the market.

  • In February 2018, Intel Corporation announced the launch of Intel SSD DC P4510 Series and P4511 Series for data center applications.
  • In March 2018, Intel Corporation announced the launch of Intel Optane SSD 800P, which is available in the M.2 22890 form factor with NVMe PCIe 3.0 interface.

NVMe over fiber channel providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.

Market Segmentation by Category

Product:

  • NVMe All-Flash Storage Arrays
  • NVMe Switch Adapters
  • NVMe SSD
  • Others

Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

End User:

  • Data Centers Vendors
  • Networking Vendors
  • Telecom Service Providers
  • Government
  • Enterprises
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Key Questions Answered in the Report

What is the global market size of NVMe over Fiber Channel?

What are the key statistics for NVMe over Fiber Channel in Japan and South Korea?

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Customer Analytics in E-commerce Market 2021 | Scope of Current and Future Industry 2030

Customer analytics in e-commerce refers to accumulation of data pointers that are analyzed to figure out what are the existing customers and prospects interacting with, together with generating insights on why and how the interaction is being done.

Interpretation of this data helps e-commerce businesses understand what exactly resonates among different consumer segments. Marketing initiatives of every e-commerce business has some sort of customer analytics associated with them.

Customer analytics in e-commerce generate actionable insights pertaining to number of pages viewed daily, number of users clicking on featured homepage offers, users bounced versus user stayed, average time spent on website and webpages, among other metrics.

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Customer Analytics in e-commerce: Market Dynamics

High demand for customer analytics in e-commerce technology is being recorded on a global scale. This demand may be attributed to high penetration of Internet and the booming e-commerce industry. Large volumes of unstructured online or offline customer visitation data is accumulated using customer analytics in e-commerce.

Enterprises operating in retail and e-commerce industry are procuring Big Data analytics solutions, like Hadoop, to interpret the accumulated data for further reporting and generation of actionable insights. The insights are used to improve webpages interface and user experience.

Market players are offering customer analytics in e-commerce arena to be used conjointly with conventional market evaluation resources. This factor is expected to propel the adoption of customer analytics in e-commerce industry over the forecast period.

Impact of Ongoing COVID-19 Pandemic on Customer Analytics in e-commerce Market

Key nations maintaining market stability were partially or completely locked down in Q2 of 2020. These lockdowns entailed sizeable decline in global economies. Many industry verticals are experiencing a considerable brunt of the decline. Digitization of supply chain and related activities is experiencing an inflection point.

The global customer analytics in e-commerce market is projected to experience substantial growth during the ongoing COVID-19 crisis. Retailers are reporting drastic decline in demand due to implementation of quarantine measures and lockdowns. The ongoing pandemic is bolstering the trend of consumers preferring e-commerce and social media stores over retail stores.

Post COVID-19, retailers as well as e-commerce companies will focus on omni-channel digital marketing. Personalization of marketing strategies is estimated to offer attractive opportunities for customer analytics solution providers during the forecast period.

Customer Analytics in e-commerce Market: Competition Landscape

Some of the key players participating in the global customer analytics in e-commerce market are

  • IBM
  • Hitachi ID Systems
  • Dell
  • Happiest Minds
  • Oracle Corporation
  • CA Technologies
  • ATOS
  • Centrify Corporation
  • Microsoft Corporation
  • Ust Global
  • Empowerid
  • Onelogin and Trustwave.

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Customer Analytics in e-commerce Market: Regional overview

Market in North America is expected to hold the largest share of the global customer analytics in e-commerce market. Advancements in DevOps and Big Data analytics is projected to fuel the demand for customer analytics in e-commerce.

Additionally, these regional markets showcase extensive sales footprint of key players, like IBM, Oracle and Dell, and key procurers like, Amazon.com, thus propelling the adoption of customer analytics in e-commerce industry. Market in Southeast Asia Pacific region is estimated to record the fastest growth in the global customer analytics in e-commerce market.

The Customer Analytics in e-commerce market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report covers exhaustive analysis on:                                     

  • Customer Analytics in e-commerce Market Segments
  • Customer Analytics in e-commerce Market Dynamics
  • Customer Analytics in e-commerce Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges
  • Competition and Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Res of MEA)

Report Highlights:

  • Detailed overview of parent Customer Analytics in e-commerce market
  • Changing Customer Analytics in e-commerce market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape of Customer Analytics in e-commerce market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Customer Analytics in e-commerce Market: Segmentation

The global customer analytics in e-commerce market can been segmented on the basis of component applications, and region.

component :

  • Solutions
    • Standalone Analytics Tools
    • Integrated Analytics Platforms
  • Services
    • Professional Services
    • Managed Services

application:

  • Customer Retention
  • User Engagement
  • In-app Purchases
  • Others

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Cloud Electronic Design Automation (EDA) Market 2021 Outlook, Current and Future Industry Landscape Analysis 2030

Electronic Design Automation is also known as electronic computer aided design (ECAD). Cloud electronic design automation is category of software tools that are used for designing, specification, verification, implementation of the electronic systems like printed circuit boards or integrated circuits. Cloud electronic design automation tools have replaced manual methods for circuit board and semiconductor design techniques and these tools help to improve the construction of electronic component through universal design technique.

By using the cloud electronic design automation tools different kinds of bugs and defects in chips, circuit board are eliminated. Cloud electronic design automation tool do not require a dedicated system and also solves the storage issues as all the data is stored on cloud.

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Impact of COVID-19 Pandemic Outbreak on Cloud Electronic Design Automation (EDA) Market

COVID-19 is affecting the production of semiconductors due to lockdown and social distancing norms for protecting the people from the virus. The companies are temporary closed to protect their employees and moved decisively to secure the supply chain.

Not only semiconductor but every sector is been impacted due to the pandemic but the electronic design automation industry suffers only modest revenue lost during the pandemic.

The work from home policy has worked well for chip designer and electronic design automation employees as there is continue growth of PCBs and chip in system design companies and there is increasing demand for system level design simulation.

Growing Complexity of PCB Circuits is driving the Growth of Cloud Electronic Design Automation Market

Building a circuit involves implementing multiple wires and components and before designing, an engineer must consider a number of aspects such as input signals, desired output and error tolerance.

Number of components and wires increases when circuit to be build is complex, which increases the probability of introducing errors. The design is relatively large and that is therefore a reasonable amount of drawing involved.

Availability of open source software and pirated versions on the Internet is hampering growth of the global market

Many electronic design automation software are available online for free and offer a variety of features. Moreover, in many countries like U.S., Russia, China, the pirated software are used commonly, due to this companies are being forced to offer low price software. This is a major factor expected to restrain growth of the market.

Cloud Electronic Design Automation (EDA) Market: – Key Players

The key players in the cloud electronic design automation (EDA) market are

  • Sigasi
  • Keysight Technologies
  • JEDA Technologies
  • CadSoft Computer
  • Cadenece Design System
  • Silvaco International
  • Mentor Graphics

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Cloud Electronic Design Automation (EDA) Market– Report Highlights:

  • A detailed overview of parent market of Cloud Electronic Design Automation (EDA) market
  • Changing Cloud Electronic Design Automation (EDA) market dynamics in the industry
  • In-depth segmentation of the Cloud Electronic Design Automation (EDA) market
  • Historical, current, and projected Cloud Electronic Design Automation (EDA) market size by value
  • Recent industry trends and developments in Cloud Electronic Design Automation (EDA) market
  • Competitive landscape of the Cloud Electronic Design Automation (EDA) market
  • Strategies for key players in Cloud Electronic Design Automation (EDA) and solutions and services offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Cloud Electronic Design Automation (EDA) market performance
  • Must-have information for Cloud Electronic Design Automation (EDA) market players to sustain and enhance their market footprint
Cloud Electronic Design Automation (EDA) Market Segmentation

Product Type

  • Computer Aided Engineering
  • Semiconductor Intellectual Property
  • IC Physical Design & Verification
  • Printed Circuit Board and Multi-Chip Module (MCM)

Vertical

  • Automotive
  • Aerospace & Defense
  • Industrial
  • Healthcare
  • Telecommunication
  • Others

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Computerized Maintenance Management System (CMMS) Market Is Expected To Reach A Valuation Of US$ 2.75 Mn By 2031

FMIBenefits of computerized maintenance management system (CMMS) in the reduction of maintenance operations cost and unplanned equipment failure is expected to propel their adoption across industries. According to a study by Future Market Insights (FMI), increasing demand from manufacturing, energy & utility, and other industries will enable growth in the CMMS market, which is expected to reach US$ 1.19 Bn by 2021. 

Data maintenance is important to any organization. Previously, maintenance data was stored on paper which was a time consuming and monotonous process. CMMS solutions came into existence with the advancement in technologies. A computerized maintenance management system is a software that is designed to simplify maintenance management. CMMS is sometimes referred to as Enterprise Asset Management (EAM) software. The software centralizes maintenance information and facilitates the processes of maintenance operations.

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These solutions are used to maintain the assets during their life cycle life. CMMS software tracks all the processes which include maintenance, customer service requests, operational performance, and warehouse inventory in one place. These solutions are used for tracking work orders, scheduling tasks, dealing with external work requests, recording asset history, managing inventory, and audit and certification.

Computerized Maintenance Management System (CMMS) Market

Increase in the number of manufacturing facilities, and rising demand for enhanced maintenance of operations and rise in adoption of cloud/web-based technologies are some of the key factor propelling the growth of CMMS market globally. The manufacturing segment will remain the key end user in the market, accounting for a share of 30.5% followed by energy and utility segment.

Key Takeaways: Computerized Maintenance Management System (CMMS) Market

  • The global CMMS market is estimated to register a CAGR of 8.7% during the forecast period of 2021-2031
  • The U.S. has remained early adopter of latest technologies. It also exhibits increasing uptake of CMMS software and services, accounting for over 80% of North America market
  • Expansion of energy and utilities sector will drive sales in the U.K., enabling y-o-y growth at 10.1% in 2021
  • China will continue leading the East Asia market on the back of consistently rising manufacturing activities
  • Increasing investment in modern technologies will pave way for expansion in India

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 “A CMMS software plays a critical role in an industry’s move from reactive maintenance to proactive to predictive maintenance. Integration of AI and IoT with CMMS solution will create huge opportunities for software vendors” says FMI Analyst.

COVID-19 Impact Analysis on CMMS Market

The COVID-19 pandemic has clearly divided individual’s needs into essentials and non-essentials. Utilities – electricity, gas, and water – fall firmly in the first category. As these industries are the key part of a nation’s economy, as other industries depend on it to serve the needs of every common man. Power, utilities & renewables (PU&R) companies are continuously focusing on keeping their assets on-line and providing safe, reliable supplies of electricity and natural gas during the pandemic.

CMMS software tools can help manage sudden changes in operations – like making changes in maintenance schedules or placing an emphasis on facility cleaning – like those that were required after the COVID-19 outbreak. The software manages the auto-routing of work orders to right staff, escalating critical work and having the proper notifications to alert team members, and getting approvals for appropriate work.

Emergence of Mobile CMMS Software Solutions

The biggest breakthrough in the CMMS software industry is the emergence of mobile CMMS software solution. Energy and utility providers that have implemented the mobile CMMS solutions have achieved 40% improvement in productivity. Working with mobile CMMS software solution increases stability, performance, and functionality.

Through mobile CMMS, technicians can create, retrieve, update, and close work orders from anywhere. Any smartphone, mobile devices or internet-enabled devices are used to retrieve the CMMS database in real time. Instant access to work orders provides technicians the freedom to prioritize work orders based on location, saving organization time and money. Moreover, it is used to add specific details to a work order from the job site, increasing the accuracy and timeliness of the information being added to the maintenance database.

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Competitive Landscape

Some of the leading companies operating in the market are IBM Corporation, Rockwell Automation, eMaint (Fluke Corporation), MicroMain Corp., Infor, Maintenance Connection (Accruent), Hippo CMMS, Limble CMMS, Mobility Work, DIMO Software, MPulse Software, FasTrak SoftWorks, CMMS Data Group, Letosys, QuickFMS, Cryotos, SIERRA ODC Private Limited, PiqoTech Software Solutions Pvt. Ltd., and IFS.

Mergers and acquisition remain highly sought-after as market players seek to expand their footprint and portfolio. For instance, in June 2018, Accruent, has acquired Maintenance Connection, a CMMS provider. This development accelerates Accruent’s efforts to help customers gain insight and make data-driven decisions for multi-site facility management.

Management System (CMMS) Market

Solution

  • CMMS Software
    • Cloud-based/Web-based
    • On-Premises
  • Service
    • Consulting Services
    • Integration & Implementation Services
    • Support & Maintenance Services

Enterprise Size

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

Industry

  • Manufacturing
  • Transportation & Logistics
  • Retail & CPG
  • Education
  • Hospitality
  • Healthcare
  • Energy & Utilities
  • Government
  • Others

Banking-As-A-Service (BaaS) Platform Market Is Expected To Reach ~US$ 12.2 Bn By 2031

FMIThe demand outlook for global banking-as-a-service (BaaS) platform market remains impressive as Future Market Insights (FMI) forecasts sales to surpass US$ 12.2 Bn by the end of 2031. 

The market is expected to register impressive growth as the adoption of BaaS platform surges within fintech corporations. As per the study, the global BaaS platform market is poised to expand at 15.7% CAGR between 2021 and 2031.

With increasing adoption of digital banking services across several domains, demand for BaaS platform has surged in medium and small sized organizations. Integration of artificial intelligence, block-chain technology, and API services within internet banking also will boost the demand.

Several banks and financial institutions are investing in digital transformation to offer tech savvy banking operations. Large organizations are increasing the adoption of BaaS platform to enhance their customer base.

Driven by the outbreak of COVID-19, various organizations are revamping their businesses by implementing digital banking services. Hence, adoption of BaaS platforms witnessed a sudden spike as organizations raced to deliver outstanding digital experience to their customers.

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Adoption of BaaS platform within fintech corporations increased at a remarkable pace. Increasing reliance on mobile banking, digital payments, and net-banking among consumers also has aided the market growth.

“Rapid proliferation of work-from-home and increasing reliance on digital payments and online banking is encouraging key players to implement block-chain and artificial intelligence technology to deliver secure services to the customers. This is amplifying sales in the market,” says the FMI analyst.

banking as a service platform market key countries and end user mekko chart 2021

Key Takeaways from FMI’s Banking-as-a-Service Platform Market Survey

  • In terms of solution, BaaS APIs segment will witness growth at a robust 17% CAGR during the forecast period
  • Banking as service platform will account for the leading market share and continue to retain its dominance through 2031
  • Large organizations will account for half of global banking-as-a-service market sales
  • In terms of enterprise size, mid and small-sized organizations segment will register remarkable growth at 16.6% CAGR
  • Fintech corporations are expected to be the leading end-users of BaaS platforms, accounting for a share of nearly 26%
  • The U.K. market will register highest sales across Europe, accounting for nearly 29% of market share
  • Demand for banking-as-a-service platform across the U.S. is set to rise at an impressive 15% CAGR
  • India banking-as-a-service platform market will register staggering growth at 26% CAGR owing to the flourishing fintech companies in the country

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Key Drivers

  • Adoption of BaaS platform among diverse end users such as clothing industry, online retailers, and others will increase as they aim for expanding their customer base
  • Surging collaboration between incumbents and fintech innovators to distribute financial products and gain remunerative opportunities will boost the market
  • As BaaS platform reduces digitization costs for incumbents, more fintech companies are adopting these services to gain edge in the industry

Key Restraints:

  • Lack of protection of secure data and flexibility will act as challenge for banking-as-a-service providers
  • Unavailability of secure platforms to deploy targeted solutions might hamper the market growth

Competitive Landscape

Leading players in the market are focusing on acquiring fintech start-ups to develop their own net-banking and digital banking products to reduce their churn rates. Also, the players are coming up innovative solutions to serve their customers.

Rapidly changing demand from various organizations for advanced banking products and digitalization is encouraging leading players to rely on third parties and develop new APIs services.

For instance,

  • In September 2021, Monese, the leading European fintech announced the launch of banking-as-a-service platform and new partnership with Investec Bank Plc.
  • Temenos, the banking software company, on September 26, 2021, announced its strategic collaboration with Vodeno, a fully cloud-native BaaS provider and Aion Bank, a European licensed digital bank to accelerate banking as a service deployment in Europe.
  • In July 2021, Cermati Fintech Group launched its BaaS technology platform product in Indonesia through a strategic partnership with BCA Digital, a leading bank in Indonesia and Blibli.

Some of the key players operating in the banking-as-a-service platform industry market profiled by FMI are:

  • Sopra Banking Software
  • Solarisbank AG
  • Bankable
  • Treezor
  • 11:FS Foundry
  • Clearbank Ltd.
  • Q2 Software, Inc.
  • Green Dot Corporation
  • Sterling National Bank
  • Banco Bilbao Vizcaya Argentaria (BBVA), S.A
  • Unit Finance Inc.
  • Starling Bank
  • Treasury Prime
  • ADVAPAY OÜ
  • Technisys.
  • Others

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More Valuable Insights on Banking-as-a-Service Platform Market

Future Market Insights, in its new offering, presents an unbiased analysis of the banking-as-a-service market. The study delivers essential insights on the banking-as-a-service market on the basis of:

By Solution:

  • Banking as a Service Platform
  • Banking as a Service APIs
  • Services
    • Payment Processing Services
    • Digital Banking Services
    • KYC Services
    • Customer Support Services
    • Others

By Enterprise Size:

  • Small & Mid-Sized Organizations
  • Large Organizations

By End User:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Questions Covered in the Report

  • The report offers insight into banking-as-a-service platform market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for banking-as-a-service platform market between 2021 and 2031
  • Banking-as-a-service platform market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Banking-as-a-service market platform share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

SOC-As-A-Service Market Total Revenue Is Anticipated To Reach US$ 9.5 Bn By 2031

FMIFuture Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global SOC-as-a-Service Market: Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years. 

As per a recent analysis by Future Market Insights (FMI), the global SOC-as-a-Service market is projected to total US$ 1.08 Bn in 2021. Expanding at 24.3% CAGR, total revenue is anticipated to reach US$ 9.5 Bn by 2031.

Rising incidence of data breach and cyber-attacks in small, medium, and large scale enterprises across the globe is spurring the demand for effective SOC-as-a-Service solutions. Prevalence of remote work culture due to worldwide lockdown restrictions is resulting in high risk for cybercrimes and phishing.

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soc as a service market key regions and applications mekko chart 2021

Competitive Landscape

Companies operating in the SOC-as-a-Service market are aiming at product innovation and strategic partnerships with other manufacturers to expand their product portfolios to  address the demand from an expanding customer pool. Fos instance:

  • In December 2020, Alert Logic, Inc. launched automated response solution for Amazon Web Services (AWS) environments. Alert Logic MDR SOAR delivers pre-built and customized playbooks ensure security teams to protect organizations from threats.
  • In December 2019, Fortinet, Inc. acquired CyberSponse. This acquisition helps the company to improve security orchestration, automation, and response addition to Fortier. Also it empowers security operations teams to achieve higher efficiencies and accelerate incident response.

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Segmentation

The SOC-as-a-Service market is segmented into application, form, end use industry, source and geography.

Based on Service Type:

  • Prevention Service
  • Detection Service
  • Incident Response Service
  • Others

Based on Application:

  • Network Security
  • Endpoint Security
  • Application Security
  • Others

Based on Industry:

  • BFSI
  • Healthcare
  • Government and Public Sector
  • IT and Telecom
  • Retail
  • Manufacturing
  • Others

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Queries Solved

  • What is the size of the overall SOC-as-a-Service Market in the Technology Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the SOC-as-a-Service Market in the Technology Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the SOC-as-a-Service Market in the Technology Industry?
  • What is the SOC-as-a-Service Market in the Technology Industry size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in SOC-as-a-Service Market in the Technology Industry?
  • What are the recent trends in SOC-as-a-Service Market in the Technology Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the SOC-as-a-Service Market in the growth of the Technology Industry?
  • What are the key market trends impacting the growth of the SOC-as-a-Service Market in the Technology Industry?

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Reasons to Buy the report

  • We provide authentic and detailed analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources.

NVMe Over Fiber Channel Market 2021 By Global Key Players, Types, Applications, Countries, Industry Size And Forecast To 2031

FMIFuture Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global NVMe Over Fiber Channel Market: Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years. 

As per the latest survey conducted by FMI, the global NVMe over the fiber channel market is predicted to top US$ 30.36 billion in 2020. In response to the increasing adoption of non-volatile memory express (NVMe) over fiber channels by data centers, telecom service providers, and enterprises, the market is estimated to surpass US$ 255.64 billion by the end of 2031.

Rising integration of advanced technologies such as the internet of things, machine learning, and cloud computing across organizations has increased the overall volume of data created, captured, consumed, and copied across the world.

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Historically, the market registered growth at 20.8% from 2016 to 2020. It is expected to register growth at an accelerated pace as end users exhibit higher inclination for the solid-state drive (SSD), as it offers better encryption and faster data transfer speed than traditional SSDs, which is in turn, spurring the sales of NVMe devices. As per FMI, the market is expected to grow at a CAGR of 23.7% during 2021-2031.

nvme over fiber channel market key regions and end user mekko chart 2021

“Rapidly changing computing dynamics for developers of laptops, computers, and tablets along with increasing demand for secured intellectual data storage devices across IT & telecom and banking, financial services and insurance industries are expected to accelerate the market growth in the coming year,” says the FMI analyst.

Key Takeaways from the NVMe over Fiber Channel Market Analysis

  • Sales for NVMe over fiber channel in the U.S. is expected to total US$ 5.19 billion in 2021, rising at a CAGR of massive CAGR of 21.8% between 2021 and 2031.
  • The market in China is estimated to reach US$ 2,211.7 million, surging at a staggering CAGR of 25.3% through 2031.
  • Germany is projected to emerge as the most lucrative market in Europe, reaching a valuation of US$ 17.5 billion by the end of 2031.
  • Japan and South Korea markets are forecast to account for 33.5% and 25.2% of the value share, respectively, in East Asia by 2021.
  • Based on end user, the data center vendor is anticipated to lead the segment, accounting for nearly 37.4% of the overall sales in 2021.

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Key Drivers

  • Increasing adoption of NVMe for big data analytics, blockchain, and artificial intelligence (AI) across data-driven organizations owing to its lower latency and faster data movement is driving the market growth.
  • Growing data generation, spurred by the rising smartphone penetration and growing number of internet users across the world is expected to propel the demand for NVMe over fiber channels.

Key Restraints

  • High cost of NVMe devices compared to traditional ones is hampering the growth of the market.
  • Lack of compatibility of NVMe in smartphones and computers & laptops with older motherboards is hindering the market growth.

Competitive Landscape

Leading companies in the market are Intel Corporation, Samsung Electronics Co., Ltd., Western Digital Corporation, Dell EMC, Hewlett Packard Enterprise, and IBM, are the top NVMe over fiber channel vendors.  These players are anticipated to account for more than 60% of the total sales in the landscape.

Leading players are extensively investing in research and development activities for the optimization of novel devices and technologies. Besides this, some of the key companies are focusing of new product launching to expand their product portfolio. For instance,

  • In 2020, Intel Corporation, an American multinational corporation and technology company, announced investing US$ 13.6 billion in the research and development initiatives for optimization of the process technology, advancement in 5G technology, and PC and data-centric businesses.
  • In February 2018, Intel Corporation announced launching its two new products, Intel SSD DC P4510 Series and P4511 Series. The products launch is aimed to assist the company in expanding its product portfolio in data center applications.

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More Valuable Insights on NVMe over Fiber Channel Market

FMI, in its new report, offers an unbiased analysis of the global NVMe over fiber channel market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in NVMe over fiber channel market with detailed segmentation:

By Product:

  • NVMe All-Flash Storage Arrays
  • NVMe Switch Adapters
  • NVMe SSD
  • Others

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By End User:

  • Data Centers Vendors
  • Networking Vendors
  • Telecom Service Providers
  • Government
  • Enterprises
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Questions Covered in the Report

  • The report offers insight into NVMe over fiber channel market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for NVMe over fiber channel market between 2021 and 2031
  • NVMe over fiber channel market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • NVMe over fiber channel market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

FIDO Authentication Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMIA recent market study published by Future Market Insights (FMI) on the FIDO authentication market includes a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision. 

The FIDO authentication solutions revenue totalled ~US$ 849.6 Mn in 2020, according to Future Market Insights (FMI). The overall market is expected to reach ~US$ 8.0 Bn by 2031, growing at a CAGR of 22.8% for 2021 – 31. The demand for FIDO authentication solutions will continue accelerating, increasing competition prevalent in the market. FMI has forecast the top 5 providers to account for around 69.4% of total market in 2020.

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FIDO (First Identity Online) Alliance, a non-profit association that includes tech giants such as Apple, Microsoft, and Facebook has been pushing the implementation of stronger security practices during the ongoing COVID-19 crisis. As such, the FIDO U2F (Universal 2nd Factor) security key is being publicized as one of the latest security protocols that enables Internet users to securely access any number of online services through a single physical security key. Such trends are anticipated to create incremental opportunities for companies in the FIDO authentication industry.

COVID-19 Impact Analysis on FIDO Authentication Market

While ensuring employee safety and business continuity remained paramount, public companies were simultaneously challenged by a sudden decline in consumer demand, a continuing halt or reduction in onsite activities, and global supply chain issues, which began in China shortly before impacting services in Europe and the Americas regions.

fido authentication market key countries and industry mekko chart 2021

Competition Analysis

Report includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Aware, Inc., OneSpan, HYPR Corp, Yubico, Daon, Thales Group, RSA Security LLC, Movenda, Nok Nok Labs, Inc., Bluink Ltd., Century Longmai Technology Co., Ltd., Raonsecure Co., Ltd., International Systems Research Co. (ISR), Hypersecu Information Systems, Inc. among others.

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FIDO Authentication Outlook by Category

By Solution:

  • FIDO U2F Authentication Devices (Security Keys)
  • FIDO Authentication SDKs
    • FIDO Client SDK
    • FIDO Server SDK
  • Services
    • Technology Consulting
    • Integration & Deployment
    • FIDO Certification Services
    • Support Services

By Application:

  • Payment Processing
  • PKI/Credential Management
  • Document Signing
  • User Authentication
  • Others

By Industry:

  • BFSI
  • Healthcare & Life Sciences
  • IT & Telecom
  • Retail & CPG
  • Government & Defense
  • Energy & Utilities
  • Others

Key Takeaways: FIDO Authentication Market

  • By solution segment, the FIDO U2F Authentication Devices (Security Keys) segment is anticipated to account for the leading share in the global demand for FIDO authentication during the forecast period. The segment estimated to grow at a robust CAGR of 22.4% through 2031.
  • The adoption of FIDO authentication solutions in PKI/credential management is expected to rise at maximum pace with a significant CAGR of 26.7% between 2021 & 2031.
  • Demand for FIDO authentication in IT & Telecom and BFSI sector is estimated to grow at impressive CAGRs. Of these, BFSI industry is expected to account for leading share in FIDO authentication sales forecast during the forecast period.
  • North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of 28.5% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 23% over the next ten years.

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Key Points Covered in FIDO Authentication Market Survey

  • Which region is expected to showcase high growth in FIDO authentication solutions demand?
  • Which is the most sought-after application of FIDO authentication solutions?
  • Which are some of the leading companies offering FIDO authentication solutions?
  • Who are the leading end users of FIDO authentication solutions?
  • How much is the global FIDO authentication demand worth?
  • What will be the demand outlook/ sales forecast for FIDO authentication?
  • What was the last 5 year market CAGR?
  • What are the key trends of FIDO authentication industry?
  • What is driving demand for FIDO authentication?
  • Which countries are key providers of FIDO authentication solutions?
  • What is the Global Market Growth Between 2020 and 2021?
  • What are the top 5 countries driving demand?
  • What is the North America market outlook?
  • How the Europe FIDO authentication industry growth will unfold?
  • What is the key market statistics in South Korea and Japan?

Supply Chain Management (SCM) Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMIAs per the latest study published by FMI, the global supply chain management market is expected to reach US$ 62.6 Bn by the end of 2031. Surging demand for supply chain management (SCM) solutions across small and medium enterprises (SMEs) and large enterprises is favoring the market growth. On account of this, the market is estimated to expand at a CAGR of 11.4% CAGR over the forecast period between 2021 and 2031. 

Increasing need for effective demand management solutions among enterprises and the rising adoption of SCM software across healthcare and pharmaceutical industries are boosting the market. With the integration of big data analytics in logistics and supply chain management (LSCM), the demand for SCM is anticipated to increase by year-on-year (YoY) growth of 8.7% in 2021

Shift in consumer preference in favor of online shopping, especially during COVID-19 times, has substantially bolstered the e-commerce industry. SCM solutions assist in the management of potential e-commerce challenges such as inventory and labor shortages, demand spike, and transportation disruptions, along with efficiently mitigating supply chain disturbances. Thus, rapidly expanding e-commerce industry is expected to provide immense sales opportunities to the market players.

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Among the various industries, the retail & consumer goods sector is anticipated to emerge as the leading end user, accounting for 26.1% of the total sales in the market in 2021. Increasing demand for SCM solutions to counter the complexities of retail supply chain networks, owing to the presence of large number of products, channels, and value-added offerings, are spurring the sales across the segment.

“Growing adoption of cloud-based supply chain management solutions and increasing efforts to integrate advance technologies such as artificial intelligence (AI), robotics, and internet of things (IoT) to provide real-time supply chain visibility will accelerate the market growth in the coming year,” says the FMI analyst.

supply chain management market key countries and industry mekko chart 2021

Key Takeaways from Supply Chain Management Market Analysis

  • The U.S. is anticipated to account for the highest share in the North America market, accounting for more than 79% of the sales in the region through 2031.
  • Favored by the increasing spending on logistics & transportation, Germany is expected to account for 22.2% of the revenue share in the Europe market.
  • India is forecast to register fastest growth in the Asia Pacific market, expanding at a CAGR of 20% between 2021 and 2031.
  • Japan is projected to emerge as a highly lucrative market for supply chain management, accounting for a total sale of nearly US$ 1.28 billion by the end of 2021.
  • In terms of software, integrated supply chain management platform/suite is estimated to lead the segment, accounting for nearly 54.1% of the global sales in 2021.

Key Drivers

  • Integration of blockchain technology with supply chain management systems to reduce errors and delays, faster identification of errors, minimized transportation cost, and increasing focus on sustainability is driving the growth of the market.
  • Increasing number of small and medium enterprises and large enterprises across developing economies such as India, China, Japan, South Korea, and others is expected to facilitate the market expansion in Asia Pacific.

Key Restraints

  • Rising cases of data breaches and theft affecting enterprises adopting cloud-based supply chain management solutions is hampering the growth in the cloud-based deployment segment of the market.
  • High cost of supply chain management is hindering the sales of these solutions across small size enterprises due to their cost-sensitive constraints.

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Competitive Landscape

Some of the key companies in the market are IBM Corporation, Oracle, SAP SE, Manhattan Associates, and E2open LLC among others. As per FMI, top 15 players are estimated to account for over 60% of the revenue share in the global market.

Leading players are emphasizing on adopting strategies such as product innovations and technological advancements to improve their product portfolio. Some of the other companies are engaging into strategic collaboration, agreement, and partnerships to strengthen their market shares and enhance their profitability. For instance,

  • In June 2021, SAP, a German multinational software corporation, announced creating the world’s largest business network at its global SAPPHIRE NOW conference. The company also announced launching new innovations, designed to assist the companies to digitalize and modernize their business processes.
  • In December 2020, Infor, a multi-national enterprise software company, announced partnering with a Healthcare technology company, MphRx and developed a global solution to assist healthcare organizations manage their COVID-19 vaccine inoculation with the real-world clinical data.

Some of the leading players in the market profiled by FMI are:

  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • Manhattan Associates
  • Descartes Systems Group Inc.
  • Kinaxis
  • E2open, LLC
  • Basware Corporation
  • WiseTech Global
  • Infor
  • Blue Yonder Group, Inc. (JDA Software)
  • Epicor Software Corporation
  • Logility, Inc.
  • Jaggaer
  • Ivalua Inc.

More Valuable Insights on Supply Chain Management Market

FMI, in its new report, offers an unbiased analysis of the global supply chain management market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in supply chain management market with detailed segmentation:

By Solution:

  • Software
    • Integrated SCM Platform/Suite
    • Standalone Solutions
      • Supply Chain Planning
      • Warehouse Management Software
      • Transportation Management Software
      • Sourcing & Procurement
      • Order Management
      • Others
  • Services
    • Outsource Supply Chain Management Services
    • Professional Services
      • Integration & Implementation
      • Support & Maintenance
      • Consulting Services

By Deployment:

  • Cloud-Based
  • On-Premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry’s:

  • Retail & Consumer Goods
  • Manufacturing
  • Automotive
  • Healthcare & Pharma
  • Food & Beverages
  • Transportation & Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Key Questions Covered in the Supply Chain Management Market Report 

  • The market survey also highlights projected sales growth of the supply chain management market between 2021 and 2031
  • The report offers insight into supply chain management demand outlook for 2021-2031
  • Supply chain management market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Supply chain management market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

Composable-Disaggregated Infrastructure Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMIA recent market study published by Future Market Insights (FMI) on the composable-disaggregated infrastructure market includes a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision. 

The composable-disaggregated infrastructure solutions revenue totalled ~US$ 1.8 Bn for 2020, according to Future Market Insights. The overall market is expected to reach ~US$ 22.7 Bn by 2031, at a CAGR of 26.3% through 2031. The demand for composable-disaggregated infrastructure solutions will accelerate with top 5 providers holding around 55.5% of total market in 2020.

Newly released data on the composable-disaggregated infrastructure demand outlook indicates 24.5% y-o-y growth in 2021. Among end users, the market share for cloud providers segment is largest among all. However, the enterprise segment will grow at 28.6% CAGR to remain dominant through the assessment period.

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Key Points Covered

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Composable-Disaggregated Infrastructure market and how to Navigate
  • Recommendation on Key Winning Strategies

composable disaggregated infrastructure market key countries and end users mekko chart 2021

 “Software defined infrastructure is becoming leading option for enterprises that want to invest in cost-effective, simplified IT management and eliminate platform silos in the datacenter. Thereby composable disaggregated infrastructure is going to be the top choice for enterprises as it helps to allocate the exact compute, storage or memory resources needed in any situation and also helps in increasing agility” says FMI analyst.  

Key Takeaways of Composable/Disaggregated Infrastructure Market

  • By component segment, the disaggregated hardware is anticipated to account for the leading share in the global Composable/disaggregated infrastructure demand during the forecast period. The segment is estimated to grow at a robust CAGR of 27.0% through 2031.
  • Demand for composable/disaggregated infrastructure in small and medium enterprises (SMEs) is expected to rise at maximum pace as these organizations continue adopting composable/disaggregated infrastructure solutions and cloud based solutions for better ROI.
  • Demand for composable/disaggregated infrastructure among enterprises and cloud providers is estimated to grow at an impressive CAGRs. Of these, cloud provider is expected to account for leading share in composable/disaggregated infrastructure sales forecast during the forecast period.
  • The U.S. is expected to lead the market followed by the U.K. and Germany in 2021.
  • Australia and New Zealand are anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in India is expected to progress at a CAGR of 36.8% through 2031.
  • In the GCC Countries, sales are expected to increase at a CAGR of close to 33% over the next ten years.

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COVID-19 Impact Analysis on Composable/Disaggregated Infrastructure Market

The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic particularly when it comes to delivering data. IT operations associated with data centers got drastically disrupted during this pandemic.

Physically moving servers, closing buildings and opening a new space, is massively more complicated in the Covid-19 world. However, the pandemic has forced the organizations to adopt digitalization, as there is increasing demand for remote working calls for increasing mobilization of cloud computing to cope with increasing demand for data.

Hence, the pandemic has accelerated the digital transformation and understood the value and role of data centers in the face of global disruptions.  Countries have experienced exponential growth in data demand.

This pandemic has underscored the importance of digital technology and data centers and has increased the adoption of servers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Thus, the demand for composable/disaggregated infrastructure is estimated to grow around 21% to 24% Y-o-Y from 2019 to 2021.

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Key Highlights from Report

  • Which region is expected to showcase significant growth in composable-disaggregated infrastructure solutions demand?
    South Asia & Pacific are expected to register strong growth in the market at 32.8% CAGR between 2021 & 2031. However, North America currently leads the market, with share of ~29% in 2021.
  • Which is the most attractive component in the composable-disaggregated infrastructure market?
    Disaggregated hardware is currently the most attractive, accounting for over 62% of revenue generated in 2020. Moreover, the segment is expected to witness robust growth at a CAGR of 27% throughout the forecast period.
  • Which are some of the leading companies offering composable-disaggregated infrastructure solutions?
    Some of the leading market players are Hewlett Packard Enterprise, Cisco Systems, and DriveScale, among others. Nearly 75% of the market share is currently covered by the top 9 players.
  • Who are the leading end users of composable-disaggregated infrastructure solutions?
    Cloud providers segment is expected to dominate over the forecast period, generating revenue of US$ 10.1 Bn by 2031. However, enterprises segment is likely to expand with a CAGR of ~28% through 2031.
  • How much is the global composable-disaggregated infrastructure demand worth?
    The market was valued at ~US$ 1.8 Bn in 2020, and is estimated to grow at an exceptional pace with a CAGR of 26.3% to reach ~US$ 22.7 Bn in 2031.
  • What will be the demand outlook/ sales forecast for Composable-Disaggregated infrastructure?
    Sales of composable-disaggregated infrastructure solutions is expected to be valued at ~US$ 2.2 Bn by the end of 2021, and is likely to reach ~US$ 22.7 Bn by 2031.
  • At what rate did the composable-disaggregated infrastructure market grow during 2016-2020?
    The market in last 5 years (2016 – 2020) grew at a CAGR of 22.2%.
  • What is driving demand of composable-disaggregated infrastructure?
    Increase in business analytics workload, implementation of methodologies such as DevOps, increased customer expectations, rise of automation and standardization tools and emergence of hybrid cloud are the key factors driving the market growth.
  • Which countries are key providers of Composable-Disaggregated infrastructure solutions?
    Countries involved in providing Composable-Disaggregated Infrastructure solutions include the U.S., India, U.K., and Japan.
  • What is the current composable-disaggregated infrastructure market value?
    The global composable-disaggregated infrastructure market is expected to register growth at 24.5% CAGR in 2021.
  • What are the top 5 countries driving demand?
    Top 5 countries driving demand for composable-disaggregated infrastructure include the U.S., Japan, India, Germany, and U.K.
  • What is the North America Market Outlook?
    North America is predicted to remain most attractive markets during the forecast period, according to FMI. The U.S. is expected to account for over 79% of the North America market through 2031.
  • How will the Europe composable-disaggregated infrastructure industry growth unfold?
    The composable-disaggregated infrastructure industry in Europe is estimated to expand at a CAGR of 22.2% over the forecast period.
  • What is the key market statistics in South Korea and Japan?
    The demand in Japan and South Korea was valued at US$ 102.5 Mn and US$ 59.5 Mn in 2020, respectively, and is projected to register CAGR of 27.3% and 29.3% through 2031.